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Activist Investor Moves to Replace Twitter CEO Dorsey

By
Alex Heath
· · Source: Bloomberg

Activist investor Elliott Management wants to replace Twitter CEO Jack Dorsey, Bloomberg reported. The hedge fund has quietly taken a “sizable stake” in Twitter, the report notes, and nominated four directors to its board. Unlike many of Twitter’s Silicon Valley peers, Dorsey’s leadership isn’t protected by supervoting shares that give him veto power. Dorsey only has 2.3% of Twitter’s stock....

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